CA - Elliott Management takes new stake in Reservoir Media exits News Corp.

2023-05-15 18:20:18 ET

• Elliott Investment Management, the hedge fund firm led by Paul Singer, took a new position in Reservoir Media ( NASDAQ: RSVR ) with a ~402K-share stake during Q1 2023 and increased stakes in Triple Flag Precious Metals ( NYSE: TFPM ) to ~135M shares from ~130M shares and iShares iBoxx Investment Grade Corporate Bond ETF ( NYSEARCA: LQD ) to 2.5M shares from ~2.23M, according to its latest 13F filing.
• The firm exited its stakes in the SPDR Bloomberg High Yield Bond ETF ( NYSEARCA: JNK ), Aeroject Rocketdyne Holdings ( NYSE: AJRD ), and News Corp. ( NASDAQ: NWS ) ( NASDAQ: NWSA ).
• It reduced holdings in iShares iBoxx High Yield Corporate Bond ETF ( NYSEARCA: HYG ) to 680K shares from 7.13M shares, Howmet Aerospace ( NYSE: HWM ) to ~24.7M shares from ~34.7M, and Valaris ( NYSE: VAL ) to 1.97M shares from 3.45M, among others, according to the filing.
• Earlier on Monday, Elliott seeks leadership, capital allocation changes at NRG Energy .

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